Legislation

The Senate has confirmed Bitcoin-friendly former Fed governor Kevin Warsh as Federal Reserve chair, setting the stage for a potential shift in U.S. monetary policy just one day before lawmakers vote on the crypto market structure Clarity Act.

Coinbase CEO Brian Armstrong says the Senate’s advancing of the CLARITY Act could fundamentally reshape U.S. finance.

Labor unions and major banks are now aligned against the Senate’s CLARITY Act, warning the crypto market structure bill could put retirement savings, bank deposits, and financial stability at risk ahead of Thursday’s pivotal committee vote.

The Senate Banking Committee released the full 309-page text of the Digital Asset Market Clarity Act ahead of Thursday’s markup, setting up a high-stakes battle over stablecoin yield rules.

American Bankers Association CEO Rob Nichols urged bank leaders to lobby against a stablecoin yield provision in the Digital Asset Market Clarity Act ahead of Thursday’s Senate markup.

After nearly a year of delays, the Senate Banking Committee scheduled a markup of the CLARITY Act for May 14.

U.S. lawmakers and White House officials said that clear crypto rules will determine whether the U.S. leads financial innovation, with Sen. Cynthia Lummis warning that another hostile administration could mean “game over” for sensible regulation.

Over 100 cryptocurrency firms and industry organizations are urging the U.S. Senate to move forward on long-delayed market structure legislation, cautioning that further delays could drive innovation and capital abroad.

Lawmakers in Washington are closing in on a final agreement over crypto talks and the Digital Asset Market Clarity Act.

Paraguay’s tax authority now requires residents and crypto platforms to report nearly all digital asset transactions over $5,000, including wallet addresses and transaction hashes, aiming to integrate cryptocurrencies into the national tax system while raising privacy concerns.